HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis
TSX:HAI - Toronto Stock Exchange - CA40531F1009 - Common Stock - Currency: CAD
HAI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 12 industry peers in the Communications Equipment industry. Both the profitability and the financial health of HAI get a neutral evaluation. Nothing too spectacular is happening here. HAI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year HAI was profitable.
HAI had a positive operating cash flow in the past year.
In multiple years HAI reported negative net income over the last 5 years.
Of the past 5 years HAI 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 1.63%, HAI belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
HAI's Return On Equity of 2.41% is amongst the best of the industry. HAI outperforms 83.33% of its industry peers.
HAI has a better Return On Invested Capital (0.66%) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.63% | ||
| ROE | 2.41% | ||
| ROIC | 0.66% |
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 1.90%, HAI belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
In the last couple of years the Profit Margin of HAI has declined.
Looking at the Operating Margin, with a value of 0.83%, HAI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of HAI has declined.
Looking at the Gross Margin, with a value of 72.92%, HAI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of HAI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.83% | ||
| PM (TTM) | 1.9% | ||
| GM | 72.92% |
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HAI is destroying value.
Compared to 1 year ago, HAI has less shares outstanding
HAI has more shares outstanding than it did 5 years ago.
HAI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.67 indicates that HAI is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of HAI (2.67) is comparable to the rest of the industry.
The Debt to FCF ratio of HAI is 1.42, which is an excellent value as it means it would take HAI, only 1.42 years of fcf income to pay off all of its debts.
HAI has a Debt to FCF ratio of 1.42. This is amongst the best in the industry. HAI outperforms 83.33% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that HAI is not too dependend on debt financing.
HAI's Debt to Equity ratio of 0.11 is fine compared to the rest of the industry. HAI outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.42 | ||
| Altman-Z | 2.67 |
ROIC/WACC0.08
WACC8.16%
2.3 Liquidity
A Current Ratio of 1.65 indicates that HAI should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.65, HAI is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
A Quick Ratio of 1.22 indicates that HAI should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.22, HAI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.22 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.67% over the past year.
Measured over the past 5 years, HAI shows a small growth in Earnings Per Share. The EPS has been growing by 2.25% on average per year.
Looking at the last year, HAI shows a very negative growth in Revenue. The Revenue has decreased by -29.42% in the last year.
Measured over the past years, HAI shows a quite strong growth in Revenue. The Revenue has been growing by 11.82% on average per year.
EPS 1Y (TTM)16.67%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%-200%
Revenue 1Y (TTM)-29.42%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%-18.56%
3.2 Future
Based on estimates for the next years, HAI will show a very strong growth in Earnings Per Share. The EPS will grow by 47.93% on average per year.
HAI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.69% yearly.
EPS Next Y-42.77%
EPS Next 2Y47.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.37%
Revenue Next 2Y1.69%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 65.29 indicates a quite expensive valuation of HAI.
75.00% of the companies in the same industry are more expensive than HAI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.25, HAI is valued quite expensively.
With a Price/Forward Earnings ratio of 13.92, HAI is valued correctly.
HAI's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAI is cheaper than 91.67% of the companies in the same industry.
HAI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.29 | ||
| Fwd PE | 13.92 |
4.2 Price Multiples
HAI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HAI is cheaper than 66.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, HAI is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.39 | ||
| EV/EBITDA | 11.37 |
4.3 Compensation for Growth
The decent profitability rating of HAI may justify a higher PE ratio.
HAI's earnings are expected to grow with 47.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)28.97
EPS Next 2Y47.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
HAI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:HAI (5/30/2025, 7:00:00 PM)
4.57
+0.02 (+0.44%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners4.1%
Inst Owner ChangeN/A
Ins Owners35.03%
Ins Owner ChangeN/A
Market Cap126.73M
Analysts77.14
Price Target5.42 (18.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-112.41%
Min EPS beat(2)-208%
Max EPS beat(2)-16.83%
EPS beat(4)0
Avg EPS beat(4)-88.16%
Min EPS beat(4)-208%
Max EPS beat(4)-16.83%
EPS beat(8)2
Avg EPS beat(8)-35.37%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-11.99%
Min Revenue beat(2)-15.73%
Max Revenue beat(2)-8.26%
Revenue beat(4)0
Avg Revenue beat(4)-9.93%
Min Revenue beat(4)-15.73%
Max Revenue beat(4)-4.95%
Revenue beat(8)3
Avg Revenue beat(8)-2.69%
Revenue beat(12)6
Avg Revenue beat(12)-0.45%
Revenue beat(16)6
Avg Revenue beat(16)-1.83%
PT rev (1m)0%
PT rev (3m)-11.46%
EPS NQ rev (1m)-14.27%
EPS NQ rev (3m)-33.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-64.58%
Revenue NQ rev (1m)0.73%
Revenue NQ rev (3m)-2.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.29 | ||
| Fwd PE | 13.92 | ||
| P/S | 1.03 | ||
| P/FCF | 13.39 | ||
| P/OCF | 11 | ||
| P/B | 1.31 | ||
| P/tB | 3.25 | ||
| EV/EBITDA | 11.37 |
EPS(TTM)0.07
EY1.53%
EPS(NY)0.33
Fwd EY7.18%
FCF(TTM)0.34
FCFY7.47%
OCF(TTM)0.42
OCFY9.09%
SpS4.44
BVpS3.5
TBVpS1.4
PEG (NY)N/A
PEG (5Y)28.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.63% | ||
| ROE | 2.41% | ||
| ROCE | 0.96% | ||
| ROIC | 0.66% | ||
| ROICexc | 0.78% | ||
| ROICexgc | 2.03% | ||
| OM | 0.83% | ||
| PM (TTM) | 1.9% | ||
| GM | 72.92% | ||
| FCFM | 7.69% |
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-25.42%
ROICexc growth 3YN/A
ROICexc growth 5Y-22.65%
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
F-Score6
Asset Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.42 | ||
| Debt/EBITDA | 1.03 | ||
| Cap/Depr | 21.98% | ||
| Cap/Sales | 1.67% | ||
| Interest Coverage | 2.58 | ||
| Cash Conversion | 110.98% | ||
| Profit Quality | 403.88% | ||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.22 | ||
| Altman-Z | 2.67 |
F-Score6
WACC8.16%
ROIC/WACC0.08
Cap/Depr(3y)15.44%
Cap/Depr(5y)18.5%
Cap/Sales(3y)1.1%
Cap/Sales(5y)0.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.67%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%-200%
EPS Next Y-42.77%
EPS Next 2Y47.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-29.42%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%-18.56%
Revenue Next Year-6.37%
Revenue Next 2Y1.69%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-79.76%
EBIT growth 3YN/A
EBIT growth 5Y1.06%
EBIT Next Year-88.14%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y752.29%
FCF growth 3Y129.93%
FCF growth 5Y25.45%
OCF growth 1Y423.17%
OCF growth 3Y106.42%
OCF growth 5Y25.22%